Price asks2027 negotiations
Supplier price increases.
Requested increase€3.59M/yr6 suppliers
Modeled increase€1.24M/yrPublic market data
- Nordstahl€1.19M above costasks +€62/tcosts +€23/t
- Kessel & Röhr€531k above costasks +€41/tcosts −€6/t
- Ostrava€287k above costasks +€40/tcosts +€23/t
- Iberia€237k above costasks +€35/tcosts +€12/t
- Lumen€113k above costasks +€30/tcosts +€7/t
- VardeMatches modelasks +€4/tcosts +€4/t
Nordstahl GmbH · 30,500 t a year · Blast furnace (BF-BOF)
Nordstahl asks +€62/t. Costs justify +€23/t.
That is €1.19M a year above what its costs moved.
Cost basis
August gas peak: €62/MWh.
Requested and modeled costs
Nordstahl saysCosts show
Raw materials+€22+€9
Energy+€16+€5
Carbon and CBAM+€24+€9
Total per tonneNordstahl asks +€62/t, costs show +€23/t
Public price inputs
- Iron ore, 62% Fe$101 → $99.6/t−€2/t
- Coking coal$188 → $205/t+€11/t
- Gas, TTF€36.4 → €37.3/MWh+€1/t
- Power, Germany€89.32 → €98.62/MWh+€4/t
- Carbon, EU ETS€78 → €89.13/t CO₂, free allocation 97.5% → 95%+€9/t
The index clause Nordstahl wants to change
Since mid-2025, pricing on last quarter’s average, 60 days late, kept €1.42M with Halvard. It cost €310k while steel fell in 2025 and saved €1.73M as it rose in 2026. Nordstahl wants monthly pricing from 2027.
Monthly index (what Nordstahl wants)Your contract (quarterly, 60 days late)Quoted priceInterpolated
Hot-rolled coil, Northern Europe, €/t. Clause: